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Nevada Supreme Court: Judge, Not Jury, Decides Unambiguous Contract

Summary by LexBlog
In 2011, a local water district in Nevada entered into a lease agreement with Paradise Canyon, LLC to provide shares of water for irrigating the Wolf Creek Golf Club.   The lease agreement granted Paradise Canyon a right of first refusal with respect renewing the agreement, but unambiguously provided the district with sole and absolute discretion in rate-setting during the renewal period.  When it came time to renew, the district notified Paradi…
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LexBlog broke the news in on Friday, April 25, 2025.
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